Exhibit 99.3
| Investor Fact Sheet June 2013 Rate Filings: NVE-North |
Milestones
| • | Filing date: June 3, 2013 |
| • | Expected Commission decision: within 210 days |
| • | Each of the company’s two electric utilities is required to file a general rate case (GRC) every three years. There are no time requirements for the gas division. |
Test Year
| • | Calendar 2012 with known and measurable adjustments through May 31, 2013. |
Revenue (Decrease) Increase Requested
($ millions)
Effective January 1, 2014:
• Electric | ($9.4) or (1.4%) | |
• Gas | $10.2 or 11.4% | |
Impact on Customer Bills
| • | Electric – commercial: average decrease of 2.81%. |
| • | Electric – residential: because of shifts in cost of service, typical single family customer would experience an increase of 1.77%: |
Current typical bill = | $83.58 (746 kWh) | |
Proposed typical bill = | $85.06 (746 kWh) | |
| • | Gas: typical single family residential customer would experience an increase of 11.04%: |
Current typical bill = | $35.87 (56 therms) | |
Proposed typical bill = | $39.83 (56 therms) | |
For more information, contact Investor Relations:
Max Kuniansky: 702.402.5627 ormkuniansky@nvenegy.com
Jessica Lucero: 702.402.5612 orjlucero@nvenergy.com
Key Drivers of Revenue (Decrease) Increase
($ millions)
Electric:
• O&M reductions | $ | (19.9 | ) | |
• Reallocation of debt between electric and gas | (4.5 | ) | ||
• Depreciation and amortization | 8.3 | |||
• Return | 6.0 | |||
• Other | 0.7 |
Gas:
• O&M reductions | $ | (1.6 | ) | |
• Return and under-earnings | 8.0 | |||
• Reallocation of debt between electric and gas | 4.8 | |||
• Depreciation and amortization | 0.8 | |||
• Other | (1.8 | ) |
Proposed Rate Base($ millions)
• Electric | $ | 1,552.3 | ||
• Gas | $ | 204.2 |
Capital Structure and Rate of Return
| • | Requested in this filing: |
Electric | ||
• Debt/equity | 53%/47% | |
• Return on equity | 10.4% | |
• Overall return | 7.74% | |
Gas | ||
• Debt/equity | 53%/47% | |
• Return on equity | 10.35% | |
• Overall return | 7.72% | |
| • | Approved in last NVE-North rate case (2010): |
Electric | ||||
• Return on equity | 10.1 | % | ||
• Overall return | 7.86 | % | ||
Gas | ||||
• Return on equity | 10.0 | % | ||
• Overall return | 5.15 | % | ||